Edition:
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Oil & Gas Exploration and Production

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Gas2grid updates on judgement by administrative tribunal

Sunday, 6 Nov 2016 06:45pm EST

Gas2grid Ltd : "administrative tribunal of Pau in France has handed down a judgement last week" . Parties have 2 months from date of notification of judgement to appeal . Judgement for "annulment of decision of French ministers made in september 2015 to refuse renewal of St Griede permit" .Gas2grid-Judgement for "penalty, to French government, of euros 3,000 for each day that grant of permit extension is delayed.".

UIL Energy finalises agreements with Bombora Natural Energy

Sunday, 6 Nov 2016 06:34pm EST

Uil Energy Ltd : Finalised Farmin agreement (FIA) and Joint Operating Agreement (JOA) with Bombora Natural Energy Pty Ltd .Bombora to earn a working interest and right to operate in Walyering project area within UIL Energy's 100% owned EP447.

Morgan Stanley reports 5 pct passive stake in Encana Corp as of October 26 - SEC filing

Friday, 4 Nov 2016 04:41pm EDT

Encana Corp :Morgan Stanley reports 5.0 percent passive stake in Encana Corp as of october 26 - sec filing.

Victoria Oil announces spudding of Cameroon development wells

Wednesday, 2 Nov 2016 03:00am EDT

Victoria Oil & Gas Plc : Announces spudding of development wells La-107 and La-108 in Logbaba gas field located in Douala, Cameroon . Budget total for two well programme, without exploration tail, is approximately $40 mln . Drilling is scheduled to complete in Q2 of 2017 .Wells are being drilled by Savannah Oil Services Cameroon S.A. using Komako 1 drilling rig.

Lundin Petroleum Q3 EBITDA above forecast, sees output in upper end of range

Wednesday, 2 Nov 2016 02:30am EDT

Lundin Petroleum Ab : Lundin petroleum says q3 ebitda of musd 253.8 (Reuters poll $230 mln) vs musd 98.7 in Q3 2015 . Lundin petroleum ab says q3 net result of musd 173.8 (Reuters poll $182 mln) including a net foreign exchange gain vs musd -201.6 in q3 2015 . Q3 revenue of MUSD 317.4 (Reuters poll $316 mln) vs MUSD 154.2 in Q3 2015 . Lundin petroleum ab says q3 production of 80.4 mboepd (36.0 mboepd) . Lundin petroleum ab says given strong performance we are revising our 2016 production guidance to 70,000 to 75,000 boepd from 65,000 to 75,000 boepd (Reuters poll 71,473 boepd) . Lundin Petroleum says cost of operations per boe guidance lowered to USD 6.50 from USD 7.10 . Lundin petroleum ab says has around usd 1 billion of liquidity . Lundin petroleum ab says is able to sustain long term oil prices as low as usd 40 per barrel and still fully fund johan sverdrup phase 1 development while continuing to invest in an exciting and aggressive organic growth strategy .Lundin petroleum ab says 2017 exploration and appraisal campaign encompassing four exploration wells and four appraisal wells with drilling in southern and eastern Barents Sea, Utsira high area and Alvheim area.

Oxy CEO says goal is to cover dividend with cash flow by 2018

Tuesday, 1 Nov 2016 11:57am EDT

Occidental Petroleum Corp : CEO expects 2017 capital spending should be between $3.3 billion and $3.8 billion . CEO says views 2017 as a transition year . CEO says goal is to cover dividend with cash flow by 2018 . Chief Executive Vicki Hollub says has exited Bahrain and Iraq contracts .CEO says making progress on exiting Libya contract.

Occidental Petroleum posts Q3 core shr loss $0.15

Tuesday, 1 Nov 2016 07:50am EDT

Occidental Petroleum Corp : Occidental Petroleum Corp - reported a loss of $241 million or $0.32 per diluted share for the third quarter of 2016 . Occidental Petroleum Corp - qtrly core loss per share $0.15 . Q3 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S .Occidental petroleum announces 3rd quarter 2016 results.

Coal India signs JV with NTPC, IOC for revival of Barauni & Sindri fertiliser units

Tuesday, 1 Nov 2016 03:43am EDT

Coal India Ltd : Says supplementary joint venture agreement . Says in addition to revival of Sindhri & Gorakhpur units, decided to revive the Barauni fertilizer unit of HFCL . Indian Oil Corp, Fertilids corp of india and Hindustan Fertilisers joined in JV .In joint venture agreement, CIL, NTPC, IOCL each will hold 29.67 percent shares; FCIL & HFCL together will hold remaining 10.99 percent shares.

La Française de l’Energie FY net loss group share widens to 4.2 mln euros

Monday, 31 Oct 2016 08:02pm EDT

La Française de l’Energie SA :FY net loss group share 4.2 million euros ($4.6 million) versus loss of 2.6 million euros year ago.

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